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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not - ?3 A/ m$ D- y2 \) k8 U6 R
expect much from Crude Oil producers and future is not with the
" V! O8 H  }0 X4 J7 }companies producing Jet fuels but Biofuels. Also no wonder if some of - f1 F" A1 ~5 q
these oil producer will go bankrupt or out of the business even if 5 R* {& ]) U, d* L
crude prices improves. This implies also to good names such as Shell, % b! P7 W6 y# [
EXXON, BG, BP, Cheveron ....xyz.. oils ) R+ H% o4 I9 r/ j/ D
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Recently OPEC reduced crude oil production twice over just a few
  M; l$ k1 S+ Imonths. There are three wars going on in Gaza, Iraq and Afghandistan.
* ?& s! Z8 l9 k$ j; |  I5 J" fA year ago these things would have spiked the price of crude oil by at
( e/ L/ f' P" \% [( c8 Y. zleast $50.00 per barrel. Today, oil price declined by a record amount. $ a+ m& e+ t/ F: a' K0 W' P/ g

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* \5 Q1 t3 \, `' @: _There are several reasons the price of oil is decreasing in the face 4 r$ ^7 k  U3 l, n: ?. z$ c8 {6 R
of so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and
' V* o( A5 c  H4 M, nin the ocean near Brazil. Each of these oil fields has more oil than , Q' B& i/ ]5 |+ h0 `
Arabia. 9 K. |  c. _9 C1 i6 v. ^

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5 s1 R+ I# g0 ^# a% ^$ h2. New natural gas has been found in Pennsylvania and West Virginia.
; |* @( O7 Q1 S* w  yThis is the largest find in North America. # L! a" |# _. k5 R4 T4 F8 A

4 K7 X) `/ n; B! c2 g' |, f; w1 G7 m! D, a! c' y
3. New methods of injecting CO2 and surfactants into oil wells is
! [3 l" a1 y' B7 h0 zbeing used to double their output.
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1 |5 p/ `* S/ A$ ?- e! a4. Production of bio-fuels is beginning to reach critical mass. Bio
  H  c& _& ~6 E1 p. X' Zfuel is being produced from many plants and algae. The production # I! q5 j7 [" f* v  q% n' H% F
potential per acre in some cases is astounding. Many countries are / W5 F2 O! j3 q, w1 V
racing to produce bio fuels.
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- B8 K9 {! z9 L$ R7 g  H5. Virtually every restaurant in the US and all food processing plants 9 k- [% e9 g, k: o' H3 ?2 S4 b
are now selling their used oil to bio-diesel producers. Every pork,
+ q+ }! I  Z% s9 Y, }5 ~1 {/ ~cattle, turkey and chicken processing plant will soon sell their fat
  H6 u1 A7 Z/ l0 u9 jto bio-diesel producers. One pork processing plant in Oklahoma is
8 |3 U, I  }, U, U+ lproducing 30,000 gallons of bio-diesel per day from pork fat.
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6. There are 99 nuclear reactors in various stages of planning and % s. Y# K' k( v% ^/ S4 p6 k
construction around the world at this time. Several hundred more are
3 T' `+ i( f4 o9 J; {expected to be built in the future. Much of the energy they produce ( i, ]# B1 {. W2 {1 e. c
will replace oil.
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7. Every company in any form of transportaion business is replacing * P+ {; Z7 d+ T3 y
older equipment such as trucks, airplanes, train engines, ships, etc.
  R8 Y8 _' M; o) v" N$ J  X4 @with new more fuel efficient equipment. Airlines and railway companies
  X. Z( W' e$ n0 N) U3 C5 Yare experiencing 20% to 25% better fuel econony with the new
' w4 L7 h% Y7 pequipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio-
& R" r- W' F8 q+ Tfuel is cleaner and performs better than jet fuel. . H2 u* t0 B+ O4 k
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8. Cities and counties throughout the US are selling the rights to / {6 Y  v3 n# |" ]2 M; w3 o
capture methane gas from landfills. This is a huge source of gas / S# z$ c8 s( b2 _0 U+ N* X
available at very little cost or risk. The gas is displacing crude
+ s* {: {3 m' {; y' R, L4 poil.
+ R2 J) @$ J* }! v
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 : [' Y( }% P9 b" o7 D- Z  I6 ^; R" e4 t
produced as a byproduct is sold to oil companies for injection into
& O# p8 A# T1 N. }6 D- \( Ioil wells.
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( L7 Q" L: E4 }, l  x2 a
10. Solar, wind and ocean energy is displacing oil as an energy
# c/ p0 ?* b. A) J% L' zsource. Three new wind turbines are being erected every day in the US.
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Each of the above by itself will not make a large difference in the ! P1 ~0 ~/ d3 T
price of crude oil but the sum of all of them together is world
& V7 J* r& S: o) S' b* S9 schanging. The important thing is that OPEC no longer has the ability ) Y  {% a! }7 c
to control oil prices. 0 |( {, y5 o0 B  g

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$ |' \: `) b& K/ WWith the above scenario, I still believe that there are under
% y1 ^) ]. k1 z- l" Z+ u. z' Nperformed OIL companies and probably they are yet to get the justified
! {9 O* l5 v  F8 f0 _9 B1 u$ a- Yvalue .....   ~3 G! w* A' \: l  z/ M' C8 H
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN , f9 T3 R% h. p3 Y0 f
2009 ... FYI-Only
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